Report: Ashlee Simpson is Pregnant!

I understand that this is the obvious story to come immediately after last week's big news that Ashlee Simpson and Pete Wentz are engaged, but is saying that a very good source confirmed that Ash and Pete are expecting their first child together.

They usually don't use the word "confirm" unless they really know.

Still, a rep for Pete & Ash told the mag, "We are thrilled to confirm their engagement and congratulate this happy couple. Beyond that there is nothing to say."

Maybe they haven't broken the news to Ash's dad, Joe Simpson, who is going to FREAK.

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