Given a multi-microphone recording of an unknown number of speakers talking concurrently, we simultaneously localize the sources and separate the individual speakers. At the core of our method is a deep network, in the waveform domain, which isolates sources within an angular region $θ\pm w/2$, given an angle of interest $θ$ and angular window size $w$. By exponentially decreasing $w$, we can perform a binary search to localize and separate all sources in logarithmic time. Our algorithm allows for an arbitrary number of potentially moving speakers at test time, including more speakers than seen during training. Experiments demonstrate state-of-the-art performance for both source separation and source localization, particularly in high levels of background noise.