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First off - while articles of impeachment were brought against Clinton he was acquitted by the Senate - so Clinton was not "impeached" - just the facts. If he had of been found guilty by a 2/3s vote of the Senate then he would have been removed from office.
Second - in answer to your original question - an impeachment is started by the House of Reps - it does the investigations (usually by an independent group of Representatives that are not in the running for a presidential election in the future and normally pretty much "unknowns") with hearings and finally by vote to confirm articles of impeachment if the hearings seem to warrant them.
The charges are then passed to the Senate for an impeachment trial - again more hearings - and then if they find that it warrants impeachment - they vote and must get a 2/3rds majority. At that point if sucessful, then the President would be removed and the Vice-President would step in.
With two years left - first off there isnt enough time - and just like Clinton did, he'd probably just go bomb someone (Clinton was accused of bombing Saddam to delay his hearings by the republicans at the time) and he'd be out of office long before an investigation could ever complete its course.
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