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Billionaire Banker Backs New Big-Money Group Aiding Trump

  • Andy Beal is paying expenses for a new Trump super-PAC
  • The group disclosed spending more than $1 million last week
Republican presidential nominee Donald Trump stops at Geno's Steaks in Philadelphia on Sept. 22, 2016.

Republican presidential nominee Donald Trump stops at Geno's Steaks in Philadelphia on Sept. 22, 2016.

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Andy Beal, a billionaire banker and friend of Donald Trump, is behind a new effort to help the Republican presidential candidate defeat Democrat Hillary Clinton.

Save America From Its Government, a super-political action committee, was formed earlier this month and spent about $1 million on advertisements last week, Federal Election Commission records show. According to Save America’s website, Beal helped set up the group and is paying an undisclosed amount of administrative and overhead expenses. It’s also soliciting outside donations.