"The time has finally come to share our wonderful news that we are expecting our first child together," Spears, 23, said Tuesday in a statement on her Web site, BritneySpears.com. "There are reports that I was in the hospital this weekend, Kevin and I just want everyone to know that all is well. Thank you for your thoughts and prayers."
Spears earlier discussed with PEOPLE her desire to start a family. After she and Federline, 27, were married on Sept. 18, 2004, in a ceremony at a private home in Studio City, Calif. Spears said: "I want to be a young mom. I can see us as parents."