Ashlee Simpson is pregnant

May 29, 2008 at 3:00 p.m. ET

Newlyweds Ashlee Simpson and Pete Wentz are expecting their first child together. It's official!

Yep! We're having a baby!Although she may have changed her name to Ashlee Wentz, the result is still the same. And in Hollywood the story is usually where there's a rumor, the truth is not far behind. News has shot out of Hollywood late Wednesday night that celebrity's newest marriage is expecting a little one. Wentz, Pete, that is, let the world know on his personal blog through a statement. While many have speculated about this, we wanted to wait until after the first trimester to officially confirm that we are expecting our first child," read a statement Wednesday on Wentz's blog. "This is truly the most joyous time in our lives and we are excited to share the happy news and start our family." The couple, who have been barely married a few weeks, are reportedly ready to tackle the world of parenthood. Hey, after the music business, how hard can a baby be? Famous last words… Talk about a new father! Be sure to check out our New Face of Fatherhood Panel, exclusively on SheKnows.