Well, the problem is that there isn't a "this" problem. Between the ABS/TRAC and SES lights you're looking at any one of hundreds of possible problems. These two lights might also be related to the same problem - or maybe even two completely different ones. There is no one solution, nor will you get anywhere guessing.
For the ABS/TRAC issue at the very least pop the hood and check the level of the brake fluid. If it is low add some and then have your brakes evaluated asap.
But in general, these lights are associated with stored error codes, and the way to get started on finding the problem(s) is to have it scanned for codes. Large chain auto parts stores (e.g. Autozone) will scan for free - but their scanners will only get what is associated with the SES light, not the ABS/TRAC. For that you'll want a local shop that does brakes.