Pop Crunch reports Ashlee Simpson and Fall Out Boy’s Pete Wentz are engaged and that Ashlee is pregnant with the bassist’s baby. “Ashlee wasn’t expecting it at all, it was a total surprise,” a mole said. “Pete whipped out a big engagement ring, dropped down on one knee, and asked Ashlee to be his bride. Ashlee says it was romantic, sexy – and that she said yes right away.” Read more.