Ford: Brakes stopped working, abs light, break line

Question
This morning after about four complete stops at stops signs in my neighborhood, my 1994 ford ranger seemed to not stop as quickly as was before.  the engine size is 3 ltr.  infact i was lucky to come to a stop when i did.  i had the brake pushed all the way to the floorboard and still wasnt getting the resoponse i was needing.  when i reached my destination, i checked the brake fluid and it was low but there was still some left in the reservior.  also the ABS light and the emergency brake light were both on.  the emergency break was not engaged but the light still remained on.  my questions are, do i have a hole in my break line? could i have a problem with the master cylinder? and do you know of a quick fix i could do to improe my braking until i can get the problem fixed?  also if you have another idea of what the problem could be, i would be more than happy to know and possibly check it out.  thanks for you time and help  

Answer
There isnt a quick fix for this, if you have a leaking master cylinder, the seals are worn, and the unit must be replaced. Also if you have a leaking brake line, the line will also need replacement. Tape, ect will not hold if you have a brake line problem. The line is under pressure.. TY..