How do i reset the abs warning lite on my 2001 ford escape

You need a mechanic with a high level scan tool to check the Diagnostic Trouble Codes and Live Data. It is probably ABS Sensor related, but should never leave you with no brakes..

it is an indication that the ABS system is not working. As it is a safety requirement for the road authority then not to have it fixed asap will result in a fine or a death So it could be considered dangerous.

on most ford cars and trucks the dash lite ABS should lite up when first starting engine then after it self tests itself the light should go out ,if the light stays on it's an indication that the self test has detected a problem with the ABS system, and in case you don't know what ABS stands for thats ANTI LOCK BRAKE SYSTEM yes thats the things that stop your car when you depress the pedal , so thats telling you theres a fault with that, it will require a code reader to get more specific of what the problem is , and as i've said before most national autoparts stores will ck fault codes for free ,they just want to sell you the part to fix it

have the OBD codes scanned a cleared

usually when the abs light comes on in these vehicles you usually can see a broken/cracked abs tone ring on one or both of the front axles

fuse box diagram. you can see what size fuse you need.
https://www.autogenius.info/ford-escape-2001-2007-fuse-box-diagram/
https://www.youtube.com/watch?v=Pb6nXV-iamI
https://www.youtube.com/watch?v=6dMxij8cyRY

could you have a low or odd sized tire on the car?  have you bumped a sensor?  Is the light on?

check the abs rings on the axles they have a tendency to crack and will set a light. does the vehicle have remote start? Is it an aftermarket system?

Check to see if you have had your car serviced for the ABS recall. You will want to do this timely as it is a fire hazard.

http://auto-recalls.justia.com/content/07V156000-FORD-ESCAPE-2001.html