In your large pot or Dutch oven, heat a tablespoon of oil over medium heat. Add the chopped onion and minced garlic, sautéing until they are fragrant and the onion is translucent, about 3-4 minutes.
Add the ground beef to the pot, breaking it apart with your wooden spoon. Cook until browned and fully cooked, about 5-7 minutes. Drain any excess fat if necessary.
Stir in the chopped red bell pepper, allowing it to cook for an additional 2-3 minutes until slightly softened.
Add the uncooked orzo to the pot, stirring to combine everything evenly. This will allow the orzo to absorb all the delicious flavors.
Pour the taco skillet sauce and chicken broth into the pot. Season with salt, pepper, and hot sauce. Stir well to ensure everything is combined.
Bring the mixture to a gentle boil, then reduce the heat to low. Cover the pot and let it simmer for about 10-12 minutes, or until the orzo is cooked through and has absorbed most of the liquid.
Remove the pot from the heat and stir in the shredded cheese until melted and gooey. If you want extra cheesiness, feel free to add more cheese!
Dish out the One Pot Cheesy Taco Orzo into bowls and top with chopped tomatoes, olives, green onions, and fresh cilantro as desired. Enjoy your delightful creation!