The peeps over at Pop Crunch are reporting that Ashlee Simpson and Fall Out Boy Pete Wentz got engaged just before his band took the stage at New York’s Live Earth concert. They have also claimed that Ashlee is pregnant.

Their source says that Ashlee wasn’t expecting the proposal at all, and that Pete whipped out a ring, dropped down on one knee, and asked Ashlee to marry him. Ashlee said yes right away.

Friends of Ashlee have said that it was Ashlee herself who probably started the whole baby rumor, as she was spotted in Texas recently at a cousin’s wedding rubbing her belly and not drinking alcohol.

Eh, we’ll see soon enough if she’s really pregnant….come on paps - get that baby bump photo!!

Pete Wentz and Ashlee Simpson take some time out to smile for the camera - they were both on hand for the opening night party of Pete’s new bar, Angels & Kings, in NYC. He told PEOPLE that he has always wanted to have his own bar:

“I think it is important to have a place to call your own, that way you always get in and never have to complain about your crappy friends getting kicked out.”

What kind of crappy friends do you have? Heh heh.

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They hit Barneys New York in Beverly Hills yesterday.

Technorati Tags: Ashlee Simpson, Pete Wentz, photos, pictures, shopping

Looks like they’re very much back on….They were seen over the weekend together and weren’t trying to hide it.

Photos: Phamous Fotos/Splash News, ZXING/SNAP-PIX

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