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This recipe is for an electric pressure cooker.
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Heat oil in pressure cooker pot with cooker on Browning setting.
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Add ground beef, onion, chili powder, cumin, and salt. Cook, stirring and breaking up beef to crumble it, until beef has browned, about 5 minutes.
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Add rice, water, and salsa. Stir to combine. Close and lock lid. Set to high pressure for 8 minutes.
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Quick release pressure and remove lid.
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Set cooker to Browning setting. Add black beans, corn, and cilantro. Stir to combine. Cook, stirring occasionally, about 3 minutes or until beans and corn are heated through.
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Transfer to a serving dish. Top with cheese and serve immediately.
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If desired, serve with Boston lettuce leaves to make lettuce wraps.