Giuliana and Bill Rancic: Expecting!

After a long, emotional and often arduous process, Giuliana Rancic and husband Bill are finally expecting their first child! The little one is due in late summer via a gestational surrogate, which means the baby will be their genetic child.

"We are so thrilled that our prayers have been answered," the celebrity news anchor and Fashion Police member told E! this morning. Adds Bill, "We are absolutely ecstatic to be sharing this with everyone who has been following our journey."

Giuliana and Bill, whose struggles to conceive a baby have been well documented, and includes failed IVF treatments and a miscarriage, appeared on Monday's Today show to elaborate on the details behind the pregnancy.

Says Giuliana:

"We received an incredible amount of love and prayers from viewers around the world and we want to take this opportunity to thank every one of them."

"It was one of the best moments of my life, if not the best moment of my life. It's incredible. We've been trying for so long, we've been through so much. And to finally get that call from the doctor, it was just another world, another level."

"It was pretty emotional because this was our last stop," Bill added.

The announcement also follows several trying months that included Giuliana being diagnosed with breast cancer and undergoing a double mastectomy.

Three weeks ago, the couple appeared on Today and Giuliana gave an optimistic prognosis. "I'm good," she said, adding she didn't need chemotherapy.

"You do what the doctors tell you to do and it's going to be OK."

Bill also announced, even before the pregnancy, that the two planned to renew their vows this summer, "and take life on and look at it in a new light."

"One of the things we've always tried to do is help others with our story," the original Apprentice winner said. "Whether it's with infertility issues, whether it's with breast cancer, we said we're gonna turn these negatives into positives."

"And if we can help others by sharing our story, then it's worth it."

Keep it up, you two. And congratulations!

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