After I did the most recent update to Office 2011 (Outlook v. 14.2.2) I can no longer connect to an Exchange server.  I made no configuration changes and the same account can still be accessed in Entourage 2008 (on same computer) as well as on iPhone.  

As suggested on this site and others, I repaired permissions on the disk.  I also deleted the account and tried to re-add it to no avail.

For the time being, I am getting by with Entourage 2008, but definitely would like to get Outlook 2011 working again as I prefer it (though I am now glad I didn't delete Entourage!)

Let me know if anyone has any solutions.

Thanks,

Brandon