Audition Lag When Recording

I am having this issue in Audition where when I start a new waveform recording, it lags and doesnt record any audio. I will record for 10 seconds and when I stop recording, it is now only 1 second long and no audio has been recorded.

I have researched for the past hour and found nobody who has had this issue. I know its not my computer because I can have multiple Adobe programs running at the same time with no lag. Its only in audition.

I need to get this fixed ASAP and any help will be much appreciated! Thank You!