Are your brakes worn? If the fluid level gets too low in the master cylinder reservoir it will put the red brake light on.....in turn, disabling the VSC, and TRAC systems. Open the hood, and look at the fluid level would be the first thing I check. If it is past the min, you can add some DOT 3 fluid.....BUT, it would be low for a reason, and if it is low, get your brakes checked!
Hope that helps.