Rest call authentication in Python

Sorry for this basic question again, still in learning stages of Python. I am writing a Python script that makes a Rest call which will have basic authentication headers included. In this example, the user is luke and password is mypasswd. Since the password is written in clear text, is there a way to encrypt the password within the script or move authentication outside the script in a more secure way? What is the recommended way of authenticatiion when using Rest with Python?

import urllib2
import base64
import xml.etree.ElementTree as ET

weblink = ""
auth = base64.b64encode("luke:mypasswd")
headers = {"Authorization":"Basic " + auth}

Source: python

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