This is the obvious story to come immediately after last week’s big news that Ashlee Simpson and Pete Wentz are engaged, but UsMagazine.com 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.”

Find out more here