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Video: PMG Says “We’re facing our own fiscal cliff”

CBS News The U.S. Postal Service reported a record annual loss last week of almost $16 billion — nearly three times higher than the year before. Postmaster General Patrick Donahoe is asking Congress to act now.Donahoe said on "CBS This Morning," "What we’re facing now is our own fiscal cliff in this lame duck session. It’s hard. I’ll tell you — all the fiscal cliff in the news. Hey talk about us a little bit. We have our own fiscal cliff. If they act now, we’ll get this whole thing behind us and we can be profitable and then focus on growing the postal business."

Read more: U.S. Postmaster General: "We're facing our own fiscal cliff" – CBS News.