BREAKING NEWS! Is it going to be a WHITE wedding?

Not only is her new record about to drop, so is a baby! Looks like there is more to it than just a wedding. A shotgun wedding perhaps? It seems as if it is true, our adorable Ashlee Simpson is going to be a mommy. I received word this morning that, in fact, Ashlee is pregnant with fiance Pete Wentz's child. I'm sure it's going to be a cute little thing, and I'm sure Papa Joe is just proud as punch!

UPDATE: A statement from Pete denying the rumors. "This is all news to me," he told MTV. "I can't wait for the story about how I'm really in a gay relationship and this is all just a cover ... this is crazy."

GETTING HITCHED!

After months of speculation, Ashlee Simpson & Pete Wentz are finally engaged! The couple released the following statement...

"We know there has been a lot of speculation recently about Pete and I, and we wanted our fans to be the first to know, because you guys are the best," Simpson said in a statement posted on friendsorenemies.com. "Yes, we are thrilled to share that we are happily engaged. Thank you for all of your support and well wishes – it means the world to us. We consider this to be a very private matter, and we wanted to be the first to tell you and to hear it straight from us."

Congratulations to the HAPPY COUPLE!