Audition will not record audio, regardless of hardware preferences

For context, I am using a Dell XPS 15 9520 laptop and a RODECaster to record. Audition has been working fine for me until today. 

When I opened Audition, it told me that my audio preferences had changed and asked if I was okay with that. I said yes because I had just turned on my RODECaster and figured it was switching from the computer microphone to that. 

Now, when I hit record, the cursor moves at a glacial pace and doesn't pick up any actual audio. I have no levels either. I do not believe it is an issue with my microphone/RodeCaster because I have levels there and recording works fine in Audacity. It also continues even if I do switch back to my laptop mic/speakers. 

I tried switching from MME to WASAPI based on other advice here and that fixed the recording issue but my audio was instead distorted. I've also restarted/shut down my computer and uninstalled and reinstalled the app with no success. I appreciate any help you can offer!