Kentucky Sen. Rand Paul promised to filibuster a deal reached by the White House and House Republicans that would keep the government financed through next September while raising the debt ceiling.

The Republican presidential candidate told reporters in Denver Tuesday that he will "do everything in [his] power" to stop the Senate's passage of what he described as a "steaming pile of legislation."

"I will filibuster and I will urge my colleagues to join my effort," he added.

The bill reached by Republican leaders and President Obama Monday evening would increase existing caps on federal spending by $50 billion in fiscal 2016 and by $30 billion the following year in addition to boosting military spending by $16 billion in both years.

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