I've tried several other programs that use the mic and it works fine. I've also used the trial version of PowerDirector 18 with the exact same settings and I've been able to record fine with that. I even uninstalled and reinstalled the PD14 program, all to no avail.
I've been using this mic with PD14 for a while now and I've never had an issue until a few days ago, and I'm fairly certain I didn't change any settings to cause it. Any ideas what the problem might be? I'm completely at a loss.