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2nd Gen Ram Tech1994-2001 Rams: This section is for TECHNICAL discussions only, that involve the 1994 through 2001 Rams. For any non-tech discussions, please direct your attention to the "General discussion/NON-tech" sub sections.
Both are operated by hydraulic pressure. Check the fluid level in the pump. With both failing at the same time.... gotta be a bad bump, or a blown line (hence, no fluid....), or low fluid.
sound like power steering pump is out to lunch, is the belt on it? fluid in it? might try the diesel section as the hydro-boost system is probably better known over there.