Outlook 14.4.4 unable to connect to exchange server

The recent 14.4.4 Outlook update has stopped my emails from coming in. On the bottom right of the client it just says "Connecting to exchangeservername" and nothing happens. It was working perfectly fine in 14.4.3. I tried to rebuild the main identity that was made 2 days ago but it only brought back emails from 2 years ago and continued to have the connectivity issue. I am running Yosemite. Please help!