Recipe(tried): Wisconsin Cheese soup

Although this uses Velvetta and not real cheddar cheese, it is VERY close to the Famous Madison restaurant Schlotzsky's Deli.
ENJOY!

FAMOUS WISCONSIN CHEESE SOUP

1 medium onion
1 medium green pepper
1/2 lb bacon
1/4th cup flour
2 cups chicken broth
2 cups milk
1 teaspoon dry mustard
1 teaspoon Frank's Red Hot
coarse black pepper
1/2 of a large brick Velvetta cheese

Using scissors, cut semi-frozen bacon into small pieces. Brown until crispy. Remove with a slotted spoon onto paper towel.
Cook onion and green pepper in bacon grease untill crispy tender. Add flour and cook for 1 minute.

Slowly pour in chicken broth, milk and remaining ingredients. Simmer on low.

Serve with Crusty Bread. Fresh uncooked broccoli pieces may be added, if desired.