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PEP 373 -- Python 2.7 Release Schedule
Being the last of the 2.x series, 2.7 will have an extended period of maintenance. The current plan is to support it for at least 10 years from the initial 2.7 release. This means there will be bugfix releases until 2020.
PEP 404 -- Python 2.8 Un-release Schedule
Rule number six: there is no official Python 2.8 release. There never will be an official Python 2.8 release. It is an ex-release. Python 2.7 is the end of the Python 2 line of development.
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