IS LIKELY TO CONTINUE. ALEXIS MARY BRUCE, THE WHITE HOUSE, THANK YOU. >> ABC'S JAY O'BRIEN JOINS ME LIVE FROM CAPITOL HILL NOW FOR MORE . SO, JAY, CONGRESS HAS LAUNCHED ITS OWN INVESTIGATIONS. WE KNOW UNDER PRESIDENT BIDEN'S HANDLING OF CLASSIFIED INFORMATION. WHERE DO THOSE INVESTIGATIONS STAND? YEAH, ALEXIS , TWO SEPARATE CONGRESSIONAL INVESTIGATIONS INTO THIS ONE IN THE HOUSE JUDICIARY COMMITTEE, THE OTHER IN THE POWERFUL HOUSE OVERSIGHT COMMITTEE. I CAN TELL YOU THE RUMBLINGS WE HEAR FROM LAWMAKERS, PARTICULARLY ON THE OVERSIGHT COMMITTEE, IS THAT THEY'RE LOOKING ON THE OVERSIGHT COMMITTEE TO TRY THIS CLASSIFIED DOCUMENTS TO BROADER INVESTIGATIONS THAT OVERSIGHT IS CONDUCTING INTO HUNTER BIDEN. THESE ARE INVESTIGATIONS THAT THEY PROMISED TO ISSUE EARLY ON WHEN THE GOP TOOK CONTROL OF THE HOUSE OF REPRESENTATIVES AND THE CHAIR OF THE OVERSIGHT COMMITTEE MAKING CONNECTIONS BETWEEN THIS CASE AND HUNTER BIDEN. CHIESA INTERVIEWS THAT HE'S GIVEN, SO SIGNALING THAT THEY ARE GOING TO TRY TO LUMP THESE INVESTIGATIONS TOGETHER IN SOME WAY GOING FORWARD. THE OTHER THING IT'S WORTH POINTING OUT IS THAT THESE ARE INVESTIGATIONS BEING CONDUCTED BY CONGRESSIONAL COMMITTEES AND THOSE NATIONAL COMMITTEES HAVE DEMOCRATS ON THEM AS WELL. SO WE'VE ALREADY SEEN DEMOCRATIC OPPOSITION ON THESE COMMITTEES TO A NUMBER OF DIFFERENT INVESTIGATIONS THAT THEY'RE LOOKING TO PUT FORWARD. SO YOU CAN EXPECT THAT WHEN THOSE LEAKS RAMP UP THEIR INVESTIGATIONS INTO THESE CLASSIFIED DOCUMENTS AS WELL. NOW ON TO THE DEBT CEILING, BECAUSE I KNOW PRESIDENT BIDEN MET WITH HOUSE SPEAKER KEVIN MCCARTHY YESTERDAY. THEY'VE GOT THIS STANDOFF OVER RAISING THE DEBT CEILING. BOTH SAID THAT SOME PROGRESS WAS MADE. SO WHERE DO NEGOTIATION STAND NOW? >> AND ALSO JUST MAP OUT FOR US WHAT'S AT STAKE HERE? WHAT'S AT STAKE REALLY IS THE U.S. DEFAULTING ON ITS DEBT. THE ESTIMATION IS THAT OVER THE SUMMER IS WHEN THE U.S. HITS THAT X DATE OF THE DEBT CEILING. THE DEBT CEILING IS RAISING, IN A SENSE, THAT GOVERNMENT'S SPENDING LIMIT ON ITS CREDIT CARD SO IT CAN PAY BILLS, PAY DEBTS, THAT IT'S ALREADY INCURRED. WHAT WE HEARD COMING OUT OF THAT MEETING FROM CARTHY AND BIDEN IS THAT BOTH SIDES SAYING THEY FELT THE MEETING WAS PRODUCTIVE, BUT THEY ARE STILL FAR APART ON A LOT OF DIFFERENT ISSUES. SO THE QUESTION THAT CONFRONTS EVERYBODY HERE IS HOW DO THESE SIDES RESPOND TO PROMISES THEY'VE ALREADY MADE? THE WHITE HOUSE HAS SAID THEY WILL NOT NEGOTIATE WITH REPUBLICANS UNTIL REPUBLICANS COMMIT TO RAISING THE DEBT CEILING. REPUBLICANS SAY THEY DON'T WANT TO COMMIT TO RAISING THE DEBT CEILING WITHOUT SPENDING CUTS AND CONCESSIONS FROM THE WHITE HOUSE. SO SOMEBODY HAS GOT TO BUDGE IN ORDER TO MOVE FORWARD. EVERYBODY STAYS IN THEIR QUARTERS THERE. AND THEN THE OTHER THING THAT CONFRONTS KEVIN MCCARTHY IS HOW WILL HOUSE REPUBLICANS RESPOND TO WHATEVER DEAL IF HE CUTS A DEAL WITH THE ADMINISTRATION IF TREASURY SECRETARY JANET YELLEN SAYING WE HAVE ENOUGH MONEY, THEY'RE A CREDIT TO LAST TH