[Python] How to print colored or bold text in Python Visual Studio 2022 CLI app

I have tried colorama, termcolor and printy.
When I run the application in debug method, the text isn't formatted.

This wasn't the case, when I built a C# Console application in VS.

Here is the code using printy.

from printy import printy

printy("Hello world", "rBU")


Output:

[38;5;196;1;4mHello world[0m
​

I have tried a few no-package solutions from here, but no luck. How do I print colored text to the terminal?

Is there any VS setting to configure?

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