Set cooker to saute-high.
Cook the ground beef for 5-8 minutes or until no longer pink.
Add chopped onions and minced garlic. Cook for 1 minute or until fragrant. Press the cancel button.
Transfer the meat to a strainer and drain the grease. Return the meat to the cooker.
Add taco seasoning, taco sauce, chopped bell pepper, beef broth and mix.
Add diced tomatoes and green chiles to the cooker. Do not stir.
Place the lid on. Pressure cook on high for 3 minutes followed by a natural release (approx. 15 minutes). Follow the manufacture instructions for releasing the pressure. Remove lid.
Add cream cheese and mix until the cheese is mostly melted.
Add ½ cup shredded cheese and mix. Repeat with the other ½ cup cheese and mix.
Add heavy whipping cream, black beans to the cooker and stir.
Season with salt if you prefer.