Step 1

Add the olive oil to a large stockpot or Dutch oven over medium-high heat.

Step 2

Cook the onion until tender, about 5 minutes.

Step 3

Add the ground beef and cook until browned while breaking apart with a wooden spoon, about 5 minutes.

Step 4

Add the chili powder, cumin, sugar, tomato paste, garlic powder, salt, pepper, and cayenne, stirring until the spices are fragrant and the beef is well-coated, about 1 minute.

Step 5

Add the broth, diced tomatoes, drained beans, and tomato sauce.

Step 6

Bring the mixture to a boil.

Step 7

Reduce the heat to medium-low.

Step 8

Gently simmer for 20-25 minutes uncovered, stirring every so often.

Step 9

Serve hot.