Heat the oil in a large pot over medium heat and add the onion and jalapeno peppers. Cook for 5 minutes to soften.
Add the garlic and cook for 1 minute, until fragrant.
Add the ground beef and break apart with a wooden spoon. Cook for 5-6 minutes to brown and cook mostly through, stirring a bit.
Stir in the chili powder, cumin, cayenne, salt and pepper, hot sauce, and tomato paste. Cook 1-2 minutes to bloom the spices, stirring.
Add the beef broth, tomatoes, kidney beans, and macaroni noodles. Stir.
Cover and reduce heat to simmer. Cook for 8-10 minutes, or until the noodles are done to your liking.
Stir in half of the cheddar cheese until melty, then remove from heat. Top with remaining cheese and cover off heat for 2-3 minutes to melt the top cheese.
Garnish and serve!