King has been one of the most vocal critics of his own party’s tactics in the fight, blasting conservative Republicans for combining a funding resolution with plans to delay or defund ObamaCare.
But on Wednesday he criticized Obama for not leading talks on the crisis.
“Forget whose fault it is, he is the president of the United State,” he said.
King said both parties might be able to come to an agreement if a government-funding resolution is combined with legislation to raise the debt ceiling. He said Obama could also compromise by agreeing to repeal the health law's medical device tax.
However, King said there is a segment of the GOP that might not compromise on anything less than the repeal or delay of ObamaCare.
King said those conservative Republicans have lobbed an implied threat to Speaker John Boehner (R-Ohio) that he will be deposed if he advances a compromise on the debt ceiling or funding resolution that would require some Democratic votes. He said a compromise could only work if that faction of the party stops the threats.
“They will have to make it clear that they are not going to be trying to make a move on John Boehner,” he said. “If John Boehner can get 180, 190 Republicans behind something and put it on the House floor and needs Democratic votes to pass it, I don’t want these guys then trying to bring down the Speakership later on.”