Binyamin Appelbaum is a Washington correspondent for The New York Times. He covers the Federal Reserve and other aspects of economic policy. Appelbaum has previously worked for The Florida Times-Union, The Charlotte Observer, The Boston Globe and The Washington Post. He graduated in 2001 from the University of Pennsylvania with a B.A. in history. He was executive editor of the student newspaper, The Daily Pennsylvanian.
In 2007 Appelbaum was part of a team of reporters at The Charlotte Observer that helped shed light on the area's high rate of housing foreclosures and questionable sales practices by Beazer Homes USA, one of the United States' largest homebuilders. The Observer′s series led to FBI, IRS, SEC, and HUD investigations of Beazer Homes, which has since stopped making mortgage loans nationwide and stopped building homes in Charlotte, North Carolina.
The series won a Gerald Loeb Award, a George Polk Award and was a finalist for the 2008 Pulitzer Prize in public service.
A profile of his reporting on the subprime mortgage crisis described how, well before the nation knew about the coming crisis in mortgage lending, Appelbaum "noticed a strange pattern while compiling a list of foreclosed homes in North Carolina’s Mecklenburg County—clusters were concentrated in new developments. Appelbaum wondered if faulty loans were behind the trend".