The ssl related fixes in that are critical to network security.
The upstream version of Python 2.7 in Ubuntu 14.04 will always be 2.7.6. However, the distribution version (
2.7.6-8) will change. Instead of looking for Python 2.7.9, check the changelogs to see if the fixes have been backported. Since 2.7.9 will be part of Ubuntu 15.04, I'd expect an update around the time 14.04.2 releases, if ever. The corresponding Launchpad bug is as yet unassigned.
To avoid regressions, it has been decided that it won't be backported
It is still in progress,not abandoned and no date set. Check this for details