CEL Codes: P0031, C0071, C0047, C0042

So, CEL came on today along with the VDC light. Cruise control light is also blinking as well as S-mode indicator. I did a self-diagnosis using the "press trip 4 times, Parking lights on..." method.

These are the codes:

P0031 means I need an 02 sensor right? unless it's a fuse, which may be unlikely.

C0071 (ABS Fail Code), search results says Steering angle sensor? can't seem to find anything else about that.

C0047 (ABS Fail Code), can't find what that is.

C0042 (ABS Fail Code), VDC: Power Supply Voltage Failure.

So my questions are the following: Did the sensor just randomly go bad and is that likely the reason for the other codes?

Will the other codes just go away once I replace the sensor?

Any risks of driving the car in the meantime until the sensor comes in? (Currently car runs normal)

Thanks guys.