94 ranger inst panel brake lite & ABS lite

I have 94 Ranger w/150k miles.Pads on frt & shoe brakes have good lining on them. When I apply brakes the red brake lite & the ABS lite come on & stay
on till ignition switch is turned off. When started again & brake pedal is pushed both lites come on again. It just started this problem. Anyone have any idea what the problem is? Thank you for any information. clemjr
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