How do you perform the equivalent of Oracle's DESCRIBE TABLE in PostgreSQL (using the psql command)?
In addition to the PostgreSQL way (\d 'something' or \dt 'table' or \ds 'sequence' and so on)
The SQL standard way, as shown here:
select column_name, data_type, character_maximum_length, column_default, is_nullable
from INFORMATION_SCHEMA.COLUMNS where table_name = '<name of table>';
It's supported by many db engines.
If you want to obtain it from query instead of psql, you can query the catalog schema. Here's a complex query that does that:
SELECT  
    f.attnum AS number,  
    f.attname AS name,  
    f.attnum,  
    f.attnotnull AS notnull,  
    pg_catalog.format_type(f.atttypid,f.atttypmod) AS type,  
    CASE  
        WHEN p.contype = 'p' THEN 't'  
        ELSE 'f'  
    END AS primarykey,  
    CASE  
        WHEN p.contype = 'u' THEN 't'  
        ELSE 'f'
    END AS uniquekey,
    CASE
        WHEN p.contype = 'f' THEN g.relname
    END AS foreignkey,
    CASE
        WHEN p.contype = 'f' THEN p.confkey
    END AS foreignkey_fieldnum,
    CASE
        WHEN p.contype = 'f' THEN g.relname
    END AS foreignkey,
    CASE
        WHEN p.contype = 'f' THEN p.conkey
    END AS foreignkey_connnum,
    CASE
        WHEN f.atthasdef = 't' THEN d.adsrc
    END AS default
FROM pg_attribute f  
    JOIN pg_class c ON c.oid = f.attrelid  
    JOIN pg_type t ON t.oid = f.atttypid  
    LEFT JOIN pg_attrdef d ON d.adrelid = c.oid AND d.adnum = f.attnum  
    LEFT JOIN pg_namespace n ON n.oid = c.relnamespace  
    LEFT JOIN pg_constraint p ON p.conrelid = c.oid AND f.attnum = ANY (p.conkey)  
    LEFT JOIN pg_class AS g ON p.confrelid = g.oid  
WHERE c.relkind = 'r'::char  
    AND n.nspname = '%s'  -- Replace with Schema name  
    AND c.relname = '%s'  -- Replace with table name  
    AND f.attnum > 0 ORDER BY number
;
It's pretty complex but it does show you the power and flexibility of the PostgreSQL system catalog and should get you on your way to pg_catalog mastery ;-). Be sure to change out the %s's in the query. The first is Schema and the second is the table name.
You can do that with a psql slash command:
 \d myTable describe table
It also works for other objects:
 \d myView describe view
 \d myIndex describe index
 \d mySequence describe sequence