In a large skillet, cook the lean ground beef over medium heat until browned.
Add in the diced green and red bell peppers, onion, dried oregano, salt, and pepper. Cook until the vegetables are tender and the meat is fully cooked.
Stir in the minced garlic and cook for an additional minute until fragrant.
Add in the beef broth, diced tomatoes, tomato sauce, and balsamic vinegar. Stir to combine and bring to a boil.
Add in the white rice, stir to combine, and then cover with a lid. Reduce heat to low and let the mixture simmer for 20-25 minutes or until the rice is tender and the liquid has been absorbed.
Remove the skillet from heat and stir in one cup of shredded cheddar cheese. Mix well until the cheese is fully melted.
Sprinkle additional shredded cheddar cheese over the top of the mixture, cover the skillet with a lid, and let the cheese melt.
Garnish with chopped parsley if desired and serve hot.
This flavorful dish is perfect for a quick and easy dinner, and it's packed with delicious and nutritious ingredients. It's a great way to get your daily dose of protein and veggies, and the melted cheese on top adds a creamy and comforting touch. Enjoy!